One Medical Passport Receives $4M Series A Investment by FCA Venture
Partners to Accelerate Growth

January 05, 2016 09:00 AM Eastern Time

WILLINGTON, Conn.--(EON: Enhanced Online News)--One Medical Passport, Inc., a leading provider of cloud-based
peri-operative medical software, announced today that it has closed a $4
million Series A investment from FCA Venture Partners, a Nashville-based
venture capital firm focused on healthcare IT. One Medical Passport’s
online software is used by over two million patients and 700 medical
facilities annually throughout the U.S., and its customers include many
of the top healthcare management companies. The solution enhances the
involvement of patients in their own care before, during and after
surgery and medical procedures and improves the communication and
collaboration between patients, doctors, and medical facilities. The
funds will be used to fuel the company’s aggressive growth plans as it
continues to build out its cutting-edge software suite and finishes
development of its comprehensive patient engagement solution.

“I am excited by the opportunities that this infusion of capital brings
to One Medical Passport”

“I am excited by the opportunities that this infusion of capital brings
to One Medical Passport,” said Dr. Punzak, CEO of One Medical Passport.
“Being self-funded until this point was a good discipline for us; it
taught us to live within our means, prioritize what we were doing, and
focus on flawless execution. However, during this past year, we sensed
that the market and our company were at a very unique inflection point
and that a small amount of outside capital would have a dramatic effect
on our company and on our ability to bring our solutions to a much
broader market. After discussions with several VC firms, FCA was the
clear choice for us. We liked the fact that FCA was really in tune with
the healthcare IT market, that the principals were hands-on, and that
they truly understood the potential for our software and our company.”

“This was a very unique investment opportunity for us,” said John Burch,
managing partner of FCA. “What Steve and his team have accomplished is
really quite remarkable. In this age of sky-high valuations for
companies with no revenue and no clear path to profitability, they have
built a company the old-fashioned way: recognizing an opportunity to
improve the way things are done, and then delivering a solution that
exceeds expectations. In addition, their management team is very strong
and has worked together for years; they have a very clear vision of
where they want to take this company.”

“What really excites us is their opportunity for growth,” added Matt
King, managing partner at FCA. “The patient engagement solution that
they are building has been shown to several key healthcare executives
and clinicians. The overwhelming response has been that this is going to
transform how patients prepare for and recover from surgery.”

Formerly known as Medical Web Technologies, LLC, One Medical Passport
pioneered the concept that the internet could be used to improve
inefficient healthcare processes that were still largely performed by
phone calls, faxes, and pen and paper. Founded in 2000 by Stephen
Punzak, MD, an anesthesiologist who also holds a degree in finance from
Boston College’s School of Management, the company initially focused on
the pre-admission process. The core software was designed as a
patient-friendly, cloud-based solution that guides patients through the
process of providing their own pre-admission health histories as well as
insurance and demographic information. In 2011 the company was awarded a
patent for its software by the US Patent Office. Over the ensuing years,
the company continued to build out its suite of cloud-based software and
partnered with leading medical information system companies to integrate
its software into their applications. In 2015 the company announced that
it was beginning development on a comprehensive patient engagement
solution that will significantly enhance the capabilities of its core
One Medical Passport software. This new solution will change the way
patients prepare for and recover from surgery by greatly improving
communication amongst patients, medical facilities, and physicians and
by delivering interactive care plans that are individualized for each
specific patient.

About One Medical Passport, Inc.

One
Medical Passport helps ASCs, hospitals and physician offices
work more efficiently while simultaneously improving patient care and
increasing patient satisfaction. The suite of products significantly
streamlines processes from pre-op through post-op, with one
cloud-based, easy-to-use, affordable system. The result is more accurate
information, happier and more productive staff and a better, safer
patient experience. One Medical Passport works with a facility's current
workflows and enhances the capabilities of existing information systems
while generating an immediate and significant ROI.

About FCA Venture Partners

FCA
Venture Partners, the venture capital manager of Clayton Associates,
was founded in 1996 by R. Clayton McWhorter, founder of HealthTrust,
Inc. and former chairman of Hospital Corporation of America (NYSE:HCA),
and Stuart C. McWhorter, President and Chairman, to serve as a platform
for investing in transformational healthcare and technology related
strategies. FCA Venture Partners is focused on healthcare services and
information technology businesses in early to growth stages with
disruptive, scalable business models, led by strong management teams
with sector specific expertise. FCA is led by Managing Partners, Matthew
A. King and John R. Burch, Jr. FCA and its affiliates have invested $175
million in over 90 companies to date, resulting in more than $7 billion
in annualized revenue.